Marketing is an activity that ensures the continuity of business practices and also makes consumers aware about the products and services that an organisation has to sell. The pulse of every business is marketing because until and unless the people who are supposed to buy your product or services are unaware about it how would they invest in the product. A business would be close to extinction if marketing did not exist. Executive MBA in Marketing Management comprises of four main activities:
Executive MBA In Marketing Management | Image Resource : webindia123.com The importance of Executive MBA in marketing management
Students of marketing management learn about several processes that involve brainstorming ideas for innovation techniques and also using different mediums of marketing in order to promote the product so as to expand the reach. Marketing is essential for making a noise about your products and services but it should be directed at people who are interested in the product or service offered by you. There is a lot to learn about marketing and its importance in the corporate world here are some of the factors that make it an essential function for an organisation: Market research: Executives of marketing carry out the quintessential function that determines the saleability of the products and services in your organisation for a particular geographical location. Channel of marketing: The way a product or service is marketed play a big role in whether it would acquire profits for the organisation. Since there are many channels for promotion at your disposal you must select the best few which can help to accelerate the sales. Identifying the target audience: In order to sell a product, you need to identify the target audience that would be interested in purchasing the items. They need to be identified during the market research process through key indicators such as level of interest, fit for age and which type of audience would generally be buying the product. For example, targeting baby products at mothers would be ideal rather than targeting babies because although mothers aren’t going to use the product they would certainly be paying for it. Measuring the place and time for marketing: The right time and the right place can help you grow your business because if you are marketing the product at the wrong place you may not get the desired results making it a complete failure.
0 Comments
Leave a Reply. |
Archives
March 2024
Categories
All
|